Ag & Energy Report 4.27.17

Ag Journal - News

Exxon Mobil and Chevron are scheduled to report their first-quarter earnings before the market opens on Friday.

They’ve been caught in a years long slump as oil prices have languished.

Wall street will listen closely for clues about how Exxon and Chevron plan to grow against that price background.

Caterpillar smashed earnings expectations.

It had improved sales across all of its business segments and helped launch the DOW back above 21,000 again.

It also says the rest of the year looks strong too.

Tesla loses its top rating from Consumer Reports.

The magazine lowered its score for the basic Model S, a luxury, all-electric sedan, because an automatic braking feature has yet to be activated by a software upgrade as promised.

Consumer Reports has been a big fan of the Model S. The magazine once called it the best car it had ever tested.

Agribusiness giant Cargill is selling its two remaining cattle feed yards to focus on other parts of its protein business.

This marks the company’s complete exit from this part of the beef industry.

The two remaining lots were in Kansas and Colorado.

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